IBM (NYSE:IBM) is scheduled to be announcing its earnings results after the market closes on Tuesday, January 22nd. Analysts expect the company to announce earnings of $4.85 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.
Shares of NYSE:IBM opened at $123.82 on Monday. The stock has a market cap of $112.53 billion, a price-to-earnings ratio of 8.97, a PEG ratio of 1.79 and a beta of 1.14. IBM has a 1-year low of $105.94 and a 1-year high of $168.72. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.31 and a quick ratio of 1.26.
IBM announced that its Board of Directors has authorized a stock buyback program on Tuesday, October 30th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the technology company to repurchase up to 3.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
A number of brokerages have recently commented on IBM. Wedbush lowered their price target on IBM from $185.00 to $165.00 and set a “neutral” rating for the company in a research note on Thursday, October 18th. Zacks Investment Research raised IBM from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $155.00 price target on shares of IBM in a research note on Monday, October 29th. BMO Capital Markets reaffirmed a “hold” rating and issued a $145.00 price target on shares of IBM in a research note on Friday, December 7th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $140.00 price target on shares of IBM in a research note on Wednesday, January 16th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $159.18.
WARNING: This piece was first reported by Community Financial News and is owned by of Community Financial News. If you are reading this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.com-unik.info/2019/01/21/ibm-ibm-to-release-quarterly-earnings-on-tuesday.html.
International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers Watson, a computing platform that interacts in language, processes big data, and learns from interactions with people and computers. This segment also offers data and analytics solutions, including analytics and data management platforms, cloud data services, enterprise social software, talent management solutions, and tailored industry solutions; and transaction processing software that runs mission-critical systems in banking, airlines, and retail industries.
Recommended Story: Find a Trading Strategy That Works
Receive News & Ratings for IBM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IBM and related companies with MarketBeat.com's FREE daily email newsletter.